MARKET INFRASTRUCTURE

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    Market Infrastructure

    China Uses CNY Cross-border More than USD for First Time

    By Editors | 30/04/2023

    The yuan was used in 48.4 percent of China’s cross-border transactions in March, compared to 46.7 percent for the dollar.

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    AML / KYC

    SFC Chief Julia Leung Offers View Into 2023 Priorities

    By Manesh Samtani | 29/04/2023

    Julia Leung said the SFC will issue the new virtual assets rules in May, and that it developing a free carbon emissions calculator tool to help SMEs in climate-related reporting.

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    Market Infrastructure

    Firms Must Continue to Act to Ensure Orderly LIBOR Transition: FSB

    By Editors | 28/04/2023

    A “pile-up” towards end-June 2023 that could introduce operational risks and wider market disruption, the FSB said.

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    Market Infrastructure

    RBI Eases Restrictions on Funds Held in GIFT City by Indians

    By Editors | 27/04/2023

    The RBI removed a requirement for Indian residents to repatriate funds that lie idle for 15 days in GIFT City bank accounts. Restrictions on interest-bearing accounts also relaxed.

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    Market Infrastructure

    CSRC Consults on Draft Rules for Hosted Facilities for Trading

    By Editors | 27/04/2023

    Securities and futures exchanges must ensure fairness and reasonableness in terms of latency, resource allocation and guarantees, and service agreements, among other areas.

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    Market Infrastructure

    Cboe Global Markets Unveils New 1-Day Volatility Index

    By Manesh Samtani | 27/04/2023

    The VIX1D measures the expected “current trading day” volatility of the S&P 500 Index, whereas the existing VIX Index reflects expected volatility 30 days out.

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    Fintech / Regtech

    HKMA, PBOC Explore Use of CBDC for Cross-border Payments

    By Editors | 26/04/2023

    HKMA deputy chief Darryl Chan said there is scope to expand the Wealth Management Connect scheme and use CDI data for cross-border finance.

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    Market Infrastructure

    ARRC Allows Expanded Use of Term SOFR for Hedging

    By Editors | 25/04/2023

    Market participants can use Term SOFR in basis swap transactions even if they are not a direct party to a Term SOFR cash exposure.

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    Market Infrastructure

    Macau Exchange Signs Cooperative Agreement with LuxSE

    By Editors | 25/04/2023

    Under the agreement, MOX-listed securities can be admitted for listing and trading on LuxSE’s exchange-regulated market, the Euro MTF.

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    Market Infrastructure

    Stock Connect Trading Calendar Enhancements Take Effect

    By Editors | 25/04/2023

    The enhancements will add about 10 trading days to northbound and southbound Stock Connect each year.

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